Top 18-month CD Rate at Civic Bank & Trust in Nashville - Local Only


1.25*%-$30kCivic Bank & TrustCivic Elite Checking
OTHER TIERS: 0.30% $30k+
Accounts mentioned in this post. Rates as of August 16, 2017.

In today's rate environment, it's rare when a bank increases a deposit account rate. That happened at Civic Bank & Trust which has a very competitive 18-month CD special. It has a 1.50% APY which is up from 1.40% APY when I last reported on this in April. Minimum deposit is $5,000. One nice feature of this CD is that you are allowed to add to the CD anytime in multiples of $1,000. There is also a special 10-month CD, but it has a much less competitive yield of 0.90%. These rates are listed in the bank's rates page as of 12/14/2011.

This bank also has a competitive reward checking account. It has a yield of 3.00% APY on balances up to $30K (as of 12/14/2011). I reviewed this account in April.

It appears that a branch visit is required to open an account. Civic Bank & Trust's office is located in Nashville, Tennessee.

Civic Bank & Trust has an overall health score at of 4 stars (out of 5) with a Texas Ratio of 20.84% (average) based on September 2011 data. Please refer to our financial overview of Civic Bank & Trust for more details. The bank has been a FDIC member since 2005 (FDIC Certificate # 58040).

How This CD Rate Compares

The highest 18-month CD rate that's nationally available is 1.35% APY at Alliant Credit Union ($25K minimum). In my opinion, a better deal is the 5-year CD at Ally Bank which has a 1.84% APY. Since its early withdrawal penalty is only 2 months of interest, the yield if closed at 18 months would be 1.63%. I reviewed this strategy along with some risks in this post.

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Related Pages: Civic Bank & Trust, Nashville, CD rates

High-Yield Reward Checking Account at Civic Bank & Trust in Tennessee - Local Only

If you're looking for a high-yield checking account in Tennessee, there's a good deal at Civic Bank & Trust. Its reward checking is called Civic Elite Checking, and it offers the following rates and features as of 4/14/2011:

  • 3.30% APY on balances up to $30,000
  • 0.75% APY on portion of balance over $30,000

Monthly requirements to qualify for these yields include:

  • 10 debit card purchases
  • 1 direct deposit or ACH auto debit
  • Access account via online banking
  • e-Statements

Unlike most reward checking, this account has a $20 monthly fee if a $1,000 minimum balance is not met.

The bank...

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March Madness 2-Year CD Special with a Top Rate at Civic Bank & Trust in TN - Local Only

I reported on one March Madness CD two weeks ago from a New York credit union. Here's another one from a Nashville bank. Civic Bank & Trust is offering a March Madness CD special with a 2.00% APY for a 2-year term. Unlike the New York CD, you can't get a higher rate by picking the right teams. The yield is fixed at 2.00% APY which is very competitive for a 2-year term. In addition, the bank allows add-on deposits to CDs anytime in multiples of $1,000. Minimum deposit is...

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3.00% 19-Month & 2.75% 9-Month Add-On CDs at Civic Bank & Trust In Tennessee
Civic Bank & Trust is offering two competitive CD rates: a 3.00% APY 19-month CD and a 2.75% APY 9-month CD. The 19-month CD has a $10K minimum and the 9-month CD has a $5K minimum deposit. There's also a 33-month variable CD with a 3.35% APY. These rates are listed at the bank's rate table as of 4/12/09.

All of the bank's CDs have an add-on option. At the top of the rate table, it describes this add-in option: "Add to your CD anytime in multiples of $1,000 and keep...

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